US EUROPE AFRICA ASIA 中文
    Business / Technology

    Titans join hands to take on Ma

    By Meng Jing (China Daily) Updated: 2014-09-29 06:57

    Titans join hands to take on Ma

    From left: Robin Li, Baidu Inc's CEO; Wang Jianlin, chairman of Dalian Wanda Group Co Ltd; and Pony Ma, the founder of Tencent Holdings Ltd, at the signing ceremony of their 5 billion yuan joint investment in e-commerce on Aug 29. CHINA DAILY

    Jack Ma, chairman and co-founder of Alibaba Group Holding Ltd, seems to be feeling on top of the world at the moment, and not without reason. He has just been listed as China's richest individual, and his e-commerce conglomerate has made its debut on the New York Stock Exchange as the largest IPO in history.

    His Hangzhou-based Alibaba is the dominant player in China's large and still rapidly growing e-commerce market, but Ma is not necessarily guaranteed his place on top of the pile, particularly with adversaries such as the country's second, third and fourth richest men snapping at his heels.

    Real estate entrepreneur Wang Jianlin, the fourth richest individual in the country and the wealthiest last year, announced a 5 billion yuan ($813 million) joint investment in e-commerce at the end of August with Internet magnates Pony Ma, the second-richest person in China, and Robin Li, the third richest.

    Titans join hands to take on Ma
    Jack Ma's $21.8 billion puts him top of China's wealth list
     
    Titans join hands to take on Ma 
    Charge of the Internet bulls
     
    Under the agreement, Dalian Wanda Group Co will control 70 percent of the shares in the new joint venture, and Ma's Tencent Holdings Ltd and Li's Baidu Inc will split the rest.

    Wang, chairman of developer Dalian Wanda, said at the news conference at Tencent's headquarters in Shenzhen: "Selling products only accounts for a small part of the multi-trillion-yuan e-commerce market in China. We are trying to introduce a seamless online and offline shopping experience to customers."

    The tie-up of the three titans makes a dream team of online-to-offline business, which is seen as the future model of e-commerce, and poses a threat to Alibaba's online dominance, analysts say.

    Vanessa Zeng, a senior analyst at Forrester Research Inc, says that joint forces will build win-win-win collaboration because the three companies have advantages in each of their sectors and these advantages seem to be a perfect match with each other to develop O2O business.

    "Wanda intends to develop O2O transformation based on its offline commercial property, Wanda Plaza in China," Zheng says. "Wanda's core resource of doing e-commerce is its VIP customers and the customer data. In partnering with Tencent and Baidu, Wanda can leverage Tencent's social network resources and payment capability and Baidu's search and big data capabilities."

    Through this collaboration, Wanda can produce advantages in marketing, the supply chain, consumer finance and big data, and pool these resources to further develop their operating model, she says.

    Rather than simply selling brands showcased in Wanda's department stores online, the three companies are working on something that is highly experimental in bringing online and offline shopping together.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    ...
    AAA级久久久精品无码片| 无码夫の前で人妻を犯す中字| 中文字幕免费高清视频| 精品无码久久久久国产| 中文字幕51日韩视频| 中文最新版地址在线| 毛片无码免费无码播放| 亚洲日韩欧洲无码av夜夜摸| 国产日韩精品中文字无码| 亚洲精品无码成人片在线观看 | 国产精品无码不卡一区二区三区| 无码精品A∨在线观看十八禁| 无码中文字幕av免费放dvd| 国产成人AV无码精品| 色欲A∨无码蜜臀AV免费播| 免费无码作爱视频| 中文字幕欧美在线| 国偷自产短视频中文版| 免费 无码 国产在线观看观| 国产激情无码一区二区app| 亚洲AV中文无码乱人伦在线观看| 精品国产V无码大片在线看 | 久久久久亚洲AV无码观看 | 无码无遮挡又大又爽又黄的视频 | 亚洲国产精品无码久久SM| 精品久久久久久无码中文野结衣| 亚洲一区二区三区无码中文字幕| 精品人妻大屁股白浆无码| 色AV永久无码影院AV| 日日麻批免费40分钟无码| 秋霞无码一区二区| av潮喷大喷水系列无码| 日韩视频无码日韩视频又2021 | 精品久久久中文字幕人妻| 亚洲av午夜国产精品无码中文字| 人妻少妇精品无码专区动漫| 人妻少妇无码视频在线 | 中文字幕av在线| 久久精品?ⅴ无码中文字幕 | 超清无码无卡中文字幕| 亚洲精品无码午夜福利中文字幕 |